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Shyam Metalics gains on raising Rs 1,385 crore through QIP, Madhusudan Kela among allottees

Shyam Metalics and Energy concluded its qualified institutional placement (QIP), raising a total of Rs 1,385 crore. Veteran investor Madhusudan Kela, Europe s Societe Generale and Reliance Commercial Finance are among the many allottees. ....

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Shyam Metalics QIP: Madhusudan Kela's trust gets over 5% allotment. Reliance Commercial Infra corners highest portion

In its filing to the exchanges on Friday, Shyam Metalics informed that the company s QIB Committee had approved the issue and allotment of over 2.40 crore equity shares of a face value of Rs 10 each to these QIBs at the issue price of Rs 576 per equity share aggregating to Rs 1,385.34 crore. ....

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